How much is my pay going up?

Anyone who is over 25 should earn at least the National Living Wage. That is rising from £7.20 an hour to £7.50 an hour.

The National Minimum Wage, which applies to workers aged between 18 and 24, is also increasing.

If you’re between 21 and 24 (inclusive), then your pay will go up from £6.95 an hour to £7.05 an hour. Those aged 18, 19 and 20 will get a 5p per hour rise, up to £5.60. Under 18s are also in line for a 5p rise, up to £4.05 an hour from £4.

Read More

Is it enough?

The Government’s National Living Wage is not high enough, according to the Living Wage Foundation, who think it should be £8.45 outside of London and £9.75 in the capital.

Katherine Chapman, director of the Living Wage Foundation, said: “We welcome any pay rise for low-paid workers, especially now in these uncertain times with speculations about food and other prices set to rise.

“The reality, however, is that a fifth of UK workers aren’t paid enough to live on. There’s still a gap between the government minimum and our real Living Wage of £8.45 in the UK and £9.75 in London, which is based on what families need to earn to meet everyday costs."

Read More

Hannah Maundrell, Editor in Chief of Money.co.uk said: “Increasing the minimum living wage to £7.50 is a helping hand that’ll give full time workers a pay rise of around £600 a year but it’s still not quite enough to afford a decent standard of living.

“To really help struggling households £8.50 an hour would be nearer the mark instead. I’d imagine public sector workers are likely to be peeved at this increase as the 4% pay rise dwarfs the 1% cap being forced upon them for the next few years.”